Archived News
05-03-2018
Trade minister hopes ASEAN-EU FTA will help SMEs, overcome negative campaign on palm oil
Indonesia has expressed its hope that a free trade agreement (FTA) between ASEAN and the European Union (EU) can boost small and medium enterprises (SMEs) and subdue a negative campaign against palm oil.
02-03-2018
Malaysian palm oil/Vegoils: Market factors to watch Friday March 2
KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday March 2.
02-03-2018
Palm oil supported above US$500 if crude oil price keeps near current price
KUALA LUMPUR/SINGAPORE: Crude palm oil (CPO) prices will not drop below US$500 a tonne this year if markets for crude oil stay around current levels, leading sector analyst James Fry told Reuters this week.
02-03-2018
Malaysian palm oil price snaps winning streak after profit-taking
KUALA LUMPUR: Malaysian palm oil futures snapped their winning streak on Thursday, with traders pointing to profit-taking that added to price pressure from weakness in U.S. soyoil.
02-03-2018
India raises import tax on palm oil to 44%, highest in a decade
MUMBAI: India has raised import tax on crude and refined palm oil to the highest level in more than a decade, the government said in a statement on Thursday, as the world's biggest edible oil importer tried to support local farmers.
02-03-2018
Rabobank maintains bearish MR2,600/mt forecast for Q1 palm oil price
Rabobank maintained its bearish view on palm oil prices by keeping its forecast for Q1 at an average of MR2,600/mt or $662.40/mt, the bank said in its monthly commodities forecast report released Wednesday.
02-03-2018
Malaysia to press EU on planned palm oil ban in biofuels
SINGAPORE: Malaysia will press the European Union not to ban palm oil in biofuels during talks this week, the country's trade minister said on Thursday (Mar 1), warning the move would hit the rural poor.
02-03-2018
Pepsi cuts off Indonesian palm oil supplier over labor, sustainability concerns
JAKARTA — PepsiCo has suspended its business with Indofood Agri Resources (IndoAgri), one of the largest palm oil companies in Indonesia, citing sustainability and labor rights concerns.
02-03-2018
EU’s commitment test in Asia
European Union (EU) Trade Commissioner Cecilia Malmstrom is in Singapore this week for the annual EU-Asean Economic Ministers Dialogue.
01-03-2018
Malaysian palm oil/Vegoils: Market factors to watch Thursday March 1
KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oilmarkets on Thursday March 1.
01-03-2018
Palm oil rises to seven-week top on weaker ringgit
KUALA LUMPUR: Malaysian palm oil futures rose to a seven-week high in trade on Wednesday evening, extending gains into a fourth session, on support from a weaker ringgit.
01-03-2018
Indonesia, Malaysia can fight back against EU on palm oil: Ex-Malaysian deputy PM
Former Malaysian deputy prime minister Datuk Musa Hitam has said Indonesia and Malaysia can fight back against the European Unions that is carrying out negative campaign against palm oil products – the major commodity of the two countries.